ALISO VIEJO, Calif., July 24 /PRNewswire-FirstCall/ -- XsunX, Inc. (OTC Bulletin Board: XSNX - News), a developer of advanced manufacturing systems and cell structures for thin-film photovoltaic solar energy, provides insight to its solar module production plans and the roll out of initial marketing efforts for module sales.
The Company's plans for the build-out of a 100MW thin-film solar module production facility are proceeding on schedule, both internally and with its equipment vendors. Site selection is underway, engineering is scheduled to begin at the end of this month, and the first phase of system production is slated to begin later this year.
Given this continued progress, XsunX is now preparing to launch marketing efforts targeted at obtaining pre-production capacity commitments from qualified systems integrators.
"XsunX solar modules will provide solar system installers with an excellent opportunity to expand their business," stated Kurt Laetz, VP of Sales for XsunX. In calendar year 2008, XsunX anticipates that its initial manufacturing line will provide approximately 17,000 much-needed solar modules for sale and delivery. With the planned completion of the full 100MW of production facilities in 2009, capacity would grow to over 950,000 modules annually. "Based on current retail installation prices and the shortage of available solar modules, at full production our facility could help create some $1 billion in potential retail sales revenue for system integrators installing XsunX modules," concluded Laetz.
Mr. Tom Djokovich, CEO of XsunX, commented on the Company's transition into module production, "After months of market study and planning, we concluded that a move into module production represents the best strategy to quickly build revenue channels. The time and resources it takes to build and deliver a manufacturing system is the same whether that system is sold to a licensee or placed into service for XsunX," Djokovich explained, "and the revenue we can derive from selling 100MW of solar modules is significantly higher than the revenue we derive from selling a 100MW manufacturing system."
XsunX plans to launch its new marketing campaign at trade and industry shows this fall, targeting large scale integrators, commercial installers such as power purchase agreement providers, and utilities, governments and others looking to meet renewable mandates.
Based in Aliso Viejo, Calif., XsunX is developing and commercializing innovative new thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands. The Company has focused its efforts on lowering the cost per watt of solar power and making solar cell technology easier to use in a wide variety of applications.
More information can be found at the Company's multi-lingual website: https://XsunX.com
For more information, contact Investor Relations at XsunX, Inc. (888) 797-4527
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.